Double delight for Twin River Worldwide Holdings Incorporated

American casino operator Twin River Worldwide Holdings Incorporated has announced that its property now includes nine venues after compatriot Eldorado Resorts Incorporated has officially acquired a number of riverboat properties.

The New York-based company detailed in an official Thursday press release that it completed the deals for Lady Luck Casino and Hotel Vicksburg with its 25,000 m² gaming area and the even larger Isle of Capri Casino in Kansas City changed the couple’s names to Casino Vicksburg or Casino KC.

Conflict concerns:

Twin River Holdings Incorporated is also responsible for the Twin River Casino Hotel and Tiverton Casino Hotel in its home state Rhode Island In addition to a trio of casinos in the Colorado Community of Black hawk. The company, headquartered in Providence, said that the purchase of the properties in Mississippi and Missouri was originally agreed a little over a year ago a total price of around $ 230 million Allowing Eldorado Resorts Incorporated to focus on its proposed $ 17.3 billion merger with major rival Caesars Entertainment Corporation.

Extend estate:

George PapanierThe President and Chief Executive Officer of Twin River Holdings Incorporated used the press release to state that the company’s portfolio should soon include another three venues in the Eldorado Resort Casino Shreveport, in the Montbleu Resort Casino and Spa Lake Tahoe and in Ballys Atlantic City with 1,251 rooms. He indicated that these purchases, for a total price of around $ 180 million, would later result in his company operating around 4,860 slots alongside 189 gaming tables twelve properties in eight states.

Read a statement from Papanier …

We are very happy to complete this transactionThis is the latest in our ongoing efforts to diversify our portfolio. Just as exciting are our three additional casinos that are under contract Shreveport, Louisiana, Lake Tahoe, Nevada, and atlantic city, New Jersey. We see significant opportunities to create cross-marketing connections for customers in multiple locations across the country. “

Promising couple:

Twin River proclaimed that Casino KC was “easily accessible to local traffic” because it was in A prime location on the riverside near downtown Kansas City and functions a 40,000 m² play area offers a choice of 939 slots alongside 13 gaming tables. Regarding Casino Vicksburg and the operator said that the venue is currently 50% full However, due to the corona virus pandemic, players are free to present a selection of up to 603 slots in addition to eight electronic table games.

Papanier’s statement was …

“Casino Vicksburg and Casino KC Expand our geographic presence with assets in attractive markets. We believe these assets are a good fit with our portfolio and see the opportunity to increase the net cash flow from these properties with our restructuring and operating plans. “

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